MasTec (MasTec) Interest Expense : $-234 Mil (TTM As of Dec. 2023)

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What is MasTec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MasTec's interest expense for the three months ended in Dec. 2023 was $ -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-234 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MasTec's Operating Income for the three months ended in Dec. 2023 was $ 38 Mil. MasTec's Interest Expense for the three months ended in Dec. 2023 was $ -60 Mil. MasTec's Interest Coverage for the quarter that ended in Dec. 2023 was 0.63. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MasTec Interest Expense Historical Data

The historical data trend for MasTec's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MasTec Interest Expense Chart

MasTec Annual Data

Trend

Dec14

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Dec16

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Dec19

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Dec23

Interest Expense

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-77.03

-59.63

-53.41

-112.26

-234.41

MasTec Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-49.94	-52.69	-59.42	-62.56	-59.74

MasTec Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-234 Mil.

MasTec (NYSE:MTZ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MasTec's Interest Expense for the three months ended in Dec. 2023 was $-60 Mil. Its Operating Income for the three months ended in Dec. 2023 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,181 Mil.

MasTec's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	37.931	/	-59.741
	=	0.63

The higher the ratio, the stronger the company's financial strength is.

MasTec (MasTec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Interest Expense

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MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

https://www.mastec.com

MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

Executives

Paul Dimarco	officer: CFO	800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Timothy Michael Love	officer: CAO	8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ava L Parker	director	1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
Ernst N Csiszar	director	2600 S RIVER ROAD, DES PLAINES IL 60018
Robert E Apple	officer: Chief Operations Officer	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell	officer: EVP & CFO	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita	officer: CFO	3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer	director	880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano	director	AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson	director	NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Javier Alberto Palomarez	director	3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Jorge Mas	director, 10 percent owner	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas	director, officer: EVP	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo	director	C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134